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Dec 6, 2012
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the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was president obama. season. >> the way bush has done it, over the last eight years is to take out a credit cardback of china in the game of the children, driving up the national debt. that is irresponsible and unpatriotic. >> eric: unpatriotic. $5 trillion in debt. president obama will add ten, 11, 12 trillion in debt. when he is done with this. >> for years, president obama running when he was senator, running for president always said that the bush tax cuts were only for the rich and only benefit the rich. now he says that the republicans ar
the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social...
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Dec 5, 2012
12/12
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i can do the rest of my taxes for me. >> greg: adorable. here is where it gets delightful. >> schools, public safety, the roads, parks. libraries. public transportation. all in decline. rich people didn't care. they said get what they deserve. ordinary people wonder why rich people needed so much money. the 1% said don't worry. this is good for you, too! because it will trickle down from us to you. >> greg: ah, yes. is there any better lesson for your kids than saying the rich pee on the poor? you know it's bad when shanghai has more in common with traditional values than california does. we have in-house training film for occupy wall street, guaranteeing another generation of the angry deserved class warriors in ten years. what the video shows is how bitter and ugly progressives can be. for a moment i thought it was a parody but it's real. it's accurate depiction of the envy-driven left than you'll see and brought to you from california teachers. the people who want to put the grimy greedy paws all over your kids' minds among other things.
i can do the rest of my taxes for me. >> greg: adorable. here is where it gets delightful. >> schools, public safety, the roads, parks. libraries. public transportation. all in decline. rich people didn't care. they said get what they deserve. ordinary people wonder why rich people needed so much money. the 1% said don't worry. this is good for you, too! because it will trickle down from us to you. >> greg: ah, yes. is there any better lesson for your kids than saying the rich...
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Dec 5, 2012
12/12
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low tax small government party. the other party leadership proposes, wait for it, $800 billion in tax increases. it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and getting the fight over with and a conference that won't allow it. i think what senator demint is saying and house republicans are saying to john boehner is, let's go over the cliff. that we can live with the sequester and we absolutely will not raise tax rates no matter what. what that does is eliminate all of the tax cuts and then there's a new fight in january to push obviously by the democrats to restore tax cuts for 98% of americans. and then that will be muddied by the need for a debt ceiling increase and the fight goes in to f
low tax small government party. the other party leadership proposes, wait for it, $800 billion in tax increases. it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and...
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Dec 4, 2012
12/12
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, more tax revenue? the president responded, high-end tax cuts do the least for economic growth and cost almost $ 1 trillion. extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to working families trying to raise their kids to keep them healthy, send them to college, keep a roof over their heads. that's the choice in this election. that's one of the reasons i'm running for a second term as president. >> how quickly we forget. in the words of secretary timothy geithner, this is why republicans have no choice but accepting the tax increases on the wealthiest americans. >> why does it make sense for the country to force tax increases on all americans because a small group of republicans want to extend for 2% of americans? why does that make any sense. there's no reason why that should happen. we ca
, more tax revenue? the president responded, high-end tax cuts do the least for economic growth and cost almost $ 1 trillion. extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to working families trying to raise their kids to keep them healthy, send them to college, keep a roof...
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paid for with your tax dollars. the zombies look scary, but organizers say the skit was solely to add levity to an otherwise serious meeting on protecting the homeland. senator tom coburn says it's just another example of more than $7 billion in questionable homeland security spending every year. >> wow. wasted. >> reporter: in a new report, coburn cites example after example, including nearly $30,000 for an underwater robot in columbus, ohio, the $69,000 hovercraft for indianapolis. and this, the sleepy town of keene, new hampshire, citing the need to secure its annual pumpkin festival was awarded a grant to buy a bearcat armored vehicle. price tag? $240,000. the department of homeland security said the grants make our communities safer places to live. coburn said there is just too much waste. examples are tip of the iceberg? >> sure, all over the government everywhere you look. >> reporter: what? >> waste, incompetence and stupidity. >> reporter: can you ever be too prepared for the zombie apocalypse? jonathan kar
paid for with your tax dollars. the zombies look scary, but organizers say the skit was solely to add levity to an otherwise serious meeting on protecting the homeland. senator tom coburn says it's just another example of more than $7 billion in questionable homeland security spending every year. >> wow. wasted. >> reporter: in a new report, coburn cites example after example, including nearly $30,000 for an underwater robot in columbus, ohio, the $69,000 hovercraft for...
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Dec 3, 2012
12/12
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there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to get them and not focused on spending cuts. is that because the republicans and the president agree the middle class needs those tax cuts and should get them. the only thing they disagree on is whether the rich should also have tax cuts given to them. the left is say we agreet middle class should get the tax cuts. so let's give them to them. >> you are comment is largely right. the republicans have gone along in a bipartisan manner with the idea there has to be revenue. the speaker has put forward a framework in which he agrees there should be $800 billion of revenue on the table. the proble
there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to...
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Nov 29, 2012
11/12
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FBC
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it depends on what the tax rates are. the 4% kicker or 04 percent cpi increase in the cost of living over the annuity. you have to look at that in the context of the tax opporunity. you have to be careful. gerri: they always have problems with their family. your advice which i cannot even imagine, learn to say no the families and friends. do you live alone, have no do you live alone, have no family and friends? where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anotherson more investors are saying... [ all ] i'm with scottrade. ll, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sor about that. [ale announcer ] break from the holiday stress. fedex office. are you loing for a plan thateally meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medica
it depends on what the tax rates are. the 4% kicker or 04 percent cpi increase in the cost of living over the annuity. you have to look at that in the context of the tax opporunity. you have to be careful. gerri: they always have problems with their family. your advice which i cannot even imagine, learn to say no the families and friends. do you live alone, have no do you live alone, have no family and friends? where our dedicated support teams help you know more so your money can do more. [...
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he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in spending cuts. now the present is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spding. gerri: to that point. want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get latr. here is what dan pfeiffer said. it promises to lower rates for the wealthy and stickhe middle-claas with the bill. we could do it pinocchio test. is that true or false? >> completely false. they want to keeall the race the same. now lower than for anybody. and maintaining the status quo on rates. the deductns are actually targeted for upper-ince people. the dmocrats, the white house, some left wing groups that on behalff the white house imagined how they would design the republican plan and then they attack it. dishonest during the ampaign, and the president is still running a political capaign. he's been all o
he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in spending cuts. now the present is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spding. gerri: to that point. want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get latr. here is what dan...
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Nov 30, 2012
11/12
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that includes a 3.8% tax for obamacare. taxes go on and on. so what are advisors telling their clients? the answer is maybe not so much. rick adelman joins me now. this is a letter you wrote your clients. when i thought was interesting about it is that you don't get a ton of direct advice here. at the end of the day come you don't know what's going to happen. >> that's right, i'm an advisor who can devise because we don't know what the devices would be yet. we have a month before the end of the year. we knew it was going to happen as of january 1, we would be able to say definitively let's capture capital gains and save ourselves money. order, it's definitely not necessary. for the moment, we are saying that we are preparing. we are examining every client accounts so that we are ready to make a move if needed. let's not pull the trigger to set. gerri: one of the things people are concerned about, dividends and dividend paying stocks. wifi on? by southern? what you make of that debate? that is obamacare and that is the law and it is not expirin
that includes a 3.8% tax for obamacare. taxes go on and on. so what are advisors telling their clients? the answer is maybe not so much. rick adelman joins me now. this is a letter you wrote your clients. when i thought was interesting about it is that you don't get a ton of direct advice here. at the end of the day come you don't know what's going to happen. >> that's right, i'm an advisor who can devise because we don't know what the devices would be yet. we have a month before the end...
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Dec 1, 2012
12/12
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democrats only want to raise taxes on the top 2% and extend the bush tax cuts for everyone else. what they might agree on, cutting deductions. the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but the tax policy center points out it tends to benefit upper middle class families the most. for those with annual incomes of less than $40,000 a year, the average tax savings is just 91 bucks. for the people earning $250,000 a year, the annual tax savings runs about $5,500, and critics say it's not really helping to boost homeownership. going to talk to one of them in a moment. the homeownership rate in the u.s. is now about 65%. it was up near 70% duri
democrats only want to raise taxes on the top 2% and extend the bush tax cuts for everyone else. what they might agree on, cutting deductions. the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional...
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Dec 7, 2012
12/12
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you go lady and raise the taxes. people if the republican party can tut go for that although they will get blamed for the disaster and the train wreck this is coming. >>neil: i tell people to look at coverage and say, did you wonder why republicans are obstinate wanting to hike taxes more, but, democrats are not when they don't want to cut spending? i say you go with the republicans on the tax thing it should be more and should be raised or should be this, fine, then apply the same standard to democrats when it comes to spend cuts. >>guest: one thing the republicans need to do a boater job of is be specific about what they offered and specific about what the democrats have not offered. the other thing i don't think they have yet communicated is that what will this do? president obama has made this such a point of the campaign and now the presidency, that we have to go after the 2 percent. the question is nut to answer him with an answer but 18 it with a question. what will that gain us? can we run the government for
you go lady and raise the taxes. people if the republican party can tut go for that although they will get blamed for the disaster and the train wreck this is coming. >>neil: i tell people to look at coverage and say, did you wonder why republicans are obstinate wanting to hike taxes more, but, democrats are not when they don't want to cut spending? i say you go with the republicans on the tax thing it should be more and should be raised or should be this, fine, then apply the same...
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Dec 6, 2012
12/12
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news the president a little more than an hour ago went to northern virginia to push the middle class tax cut message by spending time with an actual middle class family. >> the message that i got from tiffany and the message that i think we all want to send to members of congress is, this is a solvable problem. i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one's. >> and this actually appears to be working. a new poll shows the president is running ahead of the boehner-led republican team. what about basketball you say? we go to charlotte last night, and the knicks treasury secretary, carmelo anthony, top paid and big star got hurt in this dive and had to leave the game. then the at the end it came down to this. >> looking for felton and finds smith. two seconds, one second. smith for the win. >> game over. no overtime. deal, end game, done. is this meaningless nba game in charlotte lead us to how the fiscal fiesta ends? we have a man
news the president a little more than an hour ago went to northern virginia to push the middle class tax cut message by spending time with an actual middle class family. >> the message that i got from tiffany and the message that i think we all want to send to members of congress is, this is a solvable problem. i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good...
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Dec 3, 2012
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bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making. they complain about want to go cut spending but they made no offer to cut spending. when the president talked about cutting spending, when they talk about defense spending what happens? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so which is it? i it he cut too much or he doesn't cut anything? and where is there offer? if they say they are the party of cutting spending stop talking about the democrats, make an offer. >> mitch mcconnell is out there every single day saying these are the entitlement changes that i think make sense and would get us to a deal. raising the retirement age, dealing with change the inflation formula so the programs aren't spending so much out over time. if president obama is interested in reforming entitlements which he says he is but he never specifies what it would be.
bill: the focus is all on taxes and tax rates and not on spending. how can you be serious when you want to raise $1.6 trillion in taxes at a time when growth is around 2? >> that's the point i was making. they complain about want to go cut spending but they made no offer to cut spending. when the president talked about cutting spending, when they talk about defense spending what happens? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so...
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Nov 30, 2012
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tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about either one of those? >> dana: not necessarily. i do think i see in "washington post," headline, obama offers plan for cliff. plan to be in quotes. the thing that amazes me and the media lets it happen. for eight years or longer now. i had to defend how many times people said on the left, including president obama when he was running for president the first time, the bush tax cuts only help the ri
tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and...
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Dec 3, 2012
12/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hund
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s...
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Dec 6, 2012
12/12
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a voluntary tax on vintners covers the rest. angel calderon runs the centers. he says the 81-year-old priest created a model for farm worker housing. >> he was a saint because i don't know everybody else in this valley doing that much for the farm workers. >> reporter: father brenkle also cofounded a nonprofit that helped develop more than 900 affordable housing units. >> as i look back, i have a sense of peace and satisfaction. >> reporter: so for his tireless fight for farm worker housing this week's jefferson award in the bay area goes to father john brenkle. sharon chin, cbs 5. >> much deserved. you can nominate your local heroes for a jefferson award online at our website, cbssf.com. >>> with the prince by her side, the duchess of cambridge left a london hospital today after an eventful few days of medical tests, media coverage and one infamous prank call. monica villamizar has the latest. >> reporter: the duchess of cambridge smiled as she made her first public appearance since the royal family announced she is pregnant. she and her husband, prince willia
a voluntary tax on vintners covers the rest. angel calderon runs the centers. he says the 81-year-old priest created a model for farm worker housing. >> he was a saint because i don't know everybody else in this valley doing that much for the farm workers. >> reporter: father brenkle also cofounded a nonprofit that helped develop more than 900 affordable housing units. >> as i look back, i have a sense of peace and satisfaction. >> reporter: so for his tireless fight for...
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it is like a tax revolt. if washington does not act major league owners will be forced to shell out money. the ipad maybe number one but consumers have more options with a tablet. and just how wasteful has indeed york been? consumers and taxpayers aretomit squeezed. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. you know, from our 4,000 television commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. yeah, i'm kind of a big deal. [sigh] it feels good to help people save... with great discounts like safe driver, multicar, and multipolicy. 731, 732... you want my number, don't you? call 1-800-progressive right now. or visit progressive.com for an extra $50 online savings. thirsty? 'causi got a six-pack right here. oh, yeah... [voice shaking] you don't even have to wait for your
it is like a tax revolt. if washington does not act major league owners will be forced to shell out money. the ipad maybe number one but consumers have more options with a tablet. and just how wasteful has indeed york been? consumers and taxpayers aretomit squeezed. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. you know, from our 4,000 television...
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ok so you're just advocating a naked carbon tax no. i would be in this instance getting back to how we used to regulate pollution in this country if you take a look for instance at the clean water act right when it was instituted forty years ago it said you can't pollute so we just say this is right or this is wrong and force it without you want to find it economic without trying to quantify it economically and then say so so you know the king of bhutan came up with his gross happiness index and it's a gross national happiness and kids are familiar with it and there is a bunch of pieces to it you know how many people are educated now people are happy how long marriages are last in how long people are living why not come up with something like that for our country if we're going to be setting goals that congress is going to if the c.e.o. is going to score legislation based on something right why not use the king the king of gross national happiness index instead of the g.d.p. but you know the boot means system is different than what's b
ok so you're just advocating a naked carbon tax no. i would be in this instance getting back to how we used to regulate pollution in this country if you take a look for instance at the clean water act right when it was instituted forty years ago it said you can't pollute so we just say this is right or this is wrong and force it without you want to find it economic without trying to quantify it economically and then say so so you know the king of bhutan came up with his gross happiness index...
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Dec 2, 2012
12/12
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>> well, don't tax you, don't tax me, tax the guy behind the tree. >> paul: russell long, former late senator. >> exactly. and what you see here are very wealthy people who can, you know, engineer ways to avoid taxes, meanwhile, what he's-- the medicine he's suggesting for people who are starting to do better, people who say, make $200,000, maybe working their whole life. they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that and you think a normal human being with, you know, would be ashamed of that lack of intellectual honesty, should be. >> it's fascinating economic dri that costco is borrowing the money to pay this dividend. now, usually when companies pay dividends, it's out of earnings, right? >> yes, retained earnings, in this case, they're borrowing, taking on more debt, not to invest in the business in the future growth, but for a one-time equity pay out. >> and to worry about interest rates are low thanks to ben bernanke. >>, but this shows the tax rates combined with very low bore heing costs and instead of investing in growth, y
>> well, don't tax you, don't tax me, tax the guy behind the tree. >> paul: russell long, former late senator. >> exactly. and what you see here are very wealthy people who can, you know, engineer ways to avoid taxes, meanwhile, what he's-- the medicine he's suggesting for people who are starting to do better, people who say, make $200,000, maybe working their whole life. they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that and...
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Nov 29, 2012
11/12
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we don't like to tax two or three times, which dividends or other taxes might be taxed. so too small. and there is a principle involved. >> steven ratner, is there a principle, or just bloody mindedness by republicans, led by grover norquist, we shall not pay anymore taxes ever? >> at some point, there are too many taxes, but we're a long away from that. let's just look at earned taxes, lower than they were under president clinton put in place ten years ago. and all president obama is saying let's go from 35% to the top earners, to 39.6%, same as it was under president clinton, the economy did well. it is more than just a drop in the bucket. just raising rates on people making over 250,000, would be a trillion deficit -- >> a trillion dollars, henry, is nothing to be sniffed at. some urged the party to extend the bush-era tax cuts, for the households that earn less than $250,000, to insure the taxes don't go up. who cares anyway? >> sure, there is a point in there. i might dispute the numbers. i would argue as the members of my party, i would argue that we have a spendin
we don't like to tax two or three times, which dividends or other taxes might be taxed. so too small. and there is a principle involved. >> steven ratner, is there a principle, or just bloody mindedness by republicans, led by grover norquist, we shall not pay anymore taxes ever? >> at some point, there are too many taxes, but we're a long away from that. let's just look at earned taxes, lower than they were under president clinton put in place ten years ago. and all president obama...
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legal marijuana sales could also generate washington $500 million a year in taxes and business. opponents worry legalization will lead to more people using drugs. >> this is not what you're going to pick up in a baggy at the corner. >> absolutely not. it's the complete opposite. >> reporter: jamen shively, a former microsoft executive, has plans for up-market marijuana shops. >> we're positioning premium marijuana, very similar to a fine cognac, a fine cigar, something to be safeord something to be consumed in moderation by responsible adults. >> reporter: new stores would be modeled after those in many states it for alcohol. by next month a similar law will go into effect in colorado where residents will be allowed to grow their own marijuana. but all those plans could go up in smoke because of federal law. the justice department said it's studying the situation here in washington but scott, want feds have already warned residents of this state, under federal law all marijuana use remains illegal. >> pelley: plenty of room for confusion. thanks very much john. a change may be c
legal marijuana sales could also generate washington $500 million a year in taxes and business. opponents worry legalization will lead to more people using drugs. >> this is not what you're going to pick up in a baggy at the corner. >> absolutely not. it's the complete opposite. >> reporter: jamen shively, a former microsoft executive, has plans for up-market marijuana shops. >> we're positioning premium marijuana, very similar to a fine cognac, a fine cigar, something...
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Dec 3, 2012
12/12
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tax rates. tax rates. tax rates, tax rates. like tourettes. that is all they want. >>neil: member the middle ground they rumored about last week, maybe not 39.6 percent the top rate, but mid-30's but regardless you think the rate will change. >>guest: i am pessimistic short run and long run. there is in reason why they should go up but i think they will. we need to just limit the growth of spending to 2.5 percent a year on average and the fight is about taxes going up so that spending can go up and that is a game leapfrog. we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they
tax rates. tax rates. tax rates, tax rates. like tourettes. that is all they want. >>neil: member the middle ground they rumored about last week, maybe not 39.6 percent the top rate, but mid-30's but regardless you think the rate will change. >>guest: i am pessimistic short run and long run. there is in reason why they should go up but i think they will. we need to just limit the growth of spending to 2.5 percent a year on average and the fight is about taxes going up so that...
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Nov 30, 2012
11/12
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were people with untrained would be paying income taxes. liz: the question becomes, what else have you done right to get it at that level which is second only to north dakota? >> >> untrimmed i was just in china two weeks ago. we are prepared to do that. you have to create a tax competitive, job competitive, business friendly environment. the opportunities are with the private sector and we understand that here in nebraska. liz: have you prepared, not one, but two budgets. one taking into account we go over the cliff and the other if we do not go over the cliff. >> i really have not looked at it that way. i am preparing a budget for the next two-year cycle. we are prepared to adjust depending on what happens at the federal level. i do want to remain cautiously optimistic that they will find a deal. put america first. liz: i am glad that you do remain cautiously optimistic. nebraska is a very important state. you yourself have held it up at certain points worried about that. there is apparently, as i understand it, we are hearing from some p
were people with untrained would be paying income taxes. liz: the question becomes, what else have you done right to get it at that level which is second only to north dakota? >> >> untrimmed i was just in china two weeks ago. we are prepared to do that. you have to create a tax competitive, job competitive, business friendly environment. the opportunities are with the private sector and we understand that here in nebraska. liz: have you prepared, not one, but two budgets. one...
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Dec 7, 2012
12/12
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i think that the fiscal cliff and it is a cliff, on january 1 withholding taxes go up to the tune of $400 billion. >> not necessarily. >> it would have a very negative effect on the economy. according to the legislation they would, jared. >> they would not. >> jared, you have to -- >> let me make a point. the treasury secretary can decide if he or she believes a deal sl imminent not to adjust withholding tables. very important. >> i'm talking about no deal and we go off the cliff. >> we go off and stay off. >> it's $400 billion. we have a lot of things to do with regard to our debt ceiling, and my feeling is no one really believes the united states of america is going to default on its debt even if it lapses. we're dealing with different things. one is real and substantive and the other is psychological. >> i really disagree. >> i know you do. >> we could have a good discussion about this if we had more time. the idea that if the debt ceiling lapses, peter, that means that we can no longer borrow from credit markets and can't finance our debt. >> we're doing most of our borrowing rig
i think that the fiscal cliff and it is a cliff, on january 1 withholding taxes go up to the tune of $400 billion. >> not necessarily. >> it would have a very negative effect on the economy. according to the legislation they would, jared. >> they would not. >> jared, you have to -- >> let me make a point. the treasury secretary can decide if he or she believes a deal sl imminent not to adjust withholding tables. very important. >> i'm talking about no deal...
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it's a tax on show business. >> you have a very different opinion than i do. my attitude is the business is better if all of them were gone. >> really? >> press a button tomorrow and press them down a swirling sewer vortex, i would do it. where's the button? hand it to me now. >> what if they said -- >> somebody on the crew is laughing. >> no more publicity in any newspaper or magazine for anything you do. >> that's not practical. people you will have publicity. listen. i'm not opposed to even though i'm not ecstatic about the entertainment journalism that's out there and cheapens show business and demystifies show business and the once you typically call a gotcha journalism, that's one i think we can all do without. >> mike tyson had a good way of resolving somebody. he said, a photographer at lax. what was the fallout? paparazzi are really good to me. really? let me give them a right hook. let's talk about more cheerful matters. "saturday night live." you've done 16 of these. you're the king of "snl." i want to talk to the king. ericans believe they should b
it's a tax on show business. >> you have a very different opinion than i do. my attitude is the business is better if all of them were gone. >> really? >> press a button tomorrow and press them down a swirling sewer vortex, i would do it. where's the button? hand it to me now. >> what if they said -- >> somebody on the crew is laughing. >> no more publicity in any newspaper or magazine for anything you do. >> that's not practical. people you will have...
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Nov 30, 2012
11/12
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we see all the taxes raised. which is something he wants more government, the more money for the government, less from the private sector, more for the government. two, the military would have to drastically cut expenditures, he doesn't seem too bothered by that. he could blame republicans for anything that went wrong. do you go that far to think perhaps the president doesn't want a resolution? >> he has not given an indication it is a top priority. a top priority you would try to work with the other side and how you can work with the other side. to make demands that are this far off of where we were starting from, seems to knot be really trying to move forward on this so it does lead one to wonder what he is trying to do. we've got the real problem out there, we've got the fiscal cliff, yes, that's interesting but what is really concerning is hitting that debt ceiling which will probably happen sometime around february. we all remember what that was like in august of 2011 and this group seems to be even less wil
we see all the taxes raised. which is something he wants more government, the more money for the government, less from the private sector, more for the government. two, the military would have to drastically cut expenditures, he doesn't seem too bothered by that. he could blame republicans for anything that went wrong. do you go that far to think perhaps the president doesn't want a resolution? >> he has not given an indication it is a top priority. a top priority you would try to work...
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Nov 29, 2012
11/12
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credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home pays part of their monthly revenue toward their mortgage debt. it's exactly the same thing. the problem that grover and i have, he says if you do that, that's a tax increase, because the rest of it is going to go to lowering tax rates, and that's not 100% going to lowering tax rates. >> sean: if you're talking about $1.1 trillion or $1.2 trillion in revenue, that's raising taxes. people will pay more. when people pay more -- >> no. >> sean: they're no
credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that...
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Dec 5, 2012
12/12
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CURRENT
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they are saying capital and income from capital should be taxed the same way we tax earned income. that is a fundamental in equity in our tax code. >> that's right. this country in its economy he has done well when we've had policies that have promoted middle class expansion. this is good for capital. franklin roosevelt for all of understanding, he said if you don't have a middle class that works, you won't have an economy for the rich. there's a narrow mindedness that i've got mine and i want more and i'm take it from you if that's what it takes. american economic policy works best when it's building a middle class. >> you go back to henry ford, who is no legal tarian at heart. he said if my workers can't afford to buy the cars they're building i won't be able to sell them to everybody and wanted to raise wages. you have been a proponent of going over the cliff basically saying we're not going to cave because of the threat. do you still hold that position and is there support in the democratic party for it? >> there is. we're not in favor of going over the cliff we're in favor of
they are saying capital and income from capital should be taxed the same way we tax earned income. that is a fundamental in equity in our tax code. >> that's right. this country in its economy he has done well when we've had policies that have promoted middle class expansion. this is good for capital. franklin roosevelt for all of understanding, he said if you don't have a middle class that works, you won't have an economy for the rich. there's a narrow mindedness that i've got mine and i...
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Dec 7, 2012
12/12
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taxes, you have been paid sales taxes or hidden taxes, so in the end in big states, people will be paying 60 -- a minimum of 60 cents of every dollar they make to the government. and i ask you, after every american is finished paying their fair share, how much of every dollar should they be allowed to keep, juan? and i want a direct answer. don't dodge, don't duck. what is fair? >> i don't duck. i always am straight with you, sean because i think you deserve an honest answer. number one, we are talking about federal taxation. if you want to have a argument with your county or city government, new york city and westchester county or long island go have it. >> you are not answering. >> but if you are talking about federal tax, right i'm saying to you i between between 35 and 39 is totally good. >> but that's not addressing it. wait a second. this is not a small issue. after somebody pace their federal, their state, their social security, their property, their car tax, their sales tax, after they are done giving the government their fair share, state, local, federal, what is fair? give me a
taxes, you have been paid sales taxes or hidden taxes, so in the end in big states, people will be paying 60 -- a minimum of 60 cents of every dollar they make to the government. and i ask you, after every american is finished paying their fair share, how much of every dollar should they be allowed to keep, juan? and i want a direct answer. don't dodge, don't duck. what is fair? >> i don't duck. i always am straight with you, sean because i think you deserve an honest answer. number one,...
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gerri: income tax. >> a payroll tax strictly. it's added to the medicare tax that's taken out, makes a small stop in the trust fund, and funds another program that the president likes. this is the problem. the president is not hoonest with us or the american people. he tells you he loves you and wants to take care of you, but the fact of the matter is, he's going to raise your taxes to a level that, in fact, it's going to kill economic activity in the country. how do we know? look what's happening. on your crawl on the television, dividends paid before december 31st, and why? that behavior's driven by changes in the tax code that are existing law. he's counting on people not paying attention to that. it's the holidays, that's right. they are preparing for christmas, but they have to be worried # about the tax code. gerri: a tax revolt. you'll get more of the same if december 31st passing and nobody does anything. i think everybody's right up to here with what's going on, and you are so nice to talk to us about it. really apprecia
gerri: income tax. >> a payroll tax strictly. it's added to the medicare tax that's taken out, makes a small stop in the trust fund, and funds another program that the president likes. this is the problem. the president is not hoonest with us or the american people. he tells you he loves you and wants to take care of you, but the fact of the matter is, he's going to raise your taxes to a level that, in fact, it's going to kill economic activity in the country. how do we know? look what's...
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Dec 6, 2012
12/12
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you want to talk about paying taxes and your fair share? they're a tax-exempt 501c5 organization. where is ed asner's rage about their escaping and evading their fair share of taxes? i don't hear it. also, let's have a balance. if they're going to show this in the california classrooms, how about an eight-minute video narrated by clint eastwood or my favorite right thinking actor adam baldwin that exposes the truth about occupy and the teachers alliance? they have to make up this urinating image? well, you've got occupiers who have been pooping on police cars. show that to the school kids. >> sean: well said. michelle malkin. great points. thank you for being with us. >> you bet, take care. >>> >> sean: coming up next, liz cheney on the breaking news out of syria. the government stands ready to use sarin nerve gas on its own people. a senior firm confirmed this to fox news. >>> women in egypt are fearing for their lives as sex mobs are preying on the public. the situation is getting dispratt. where is the outrage and the support from the feminists who screamed about the so-called
you want to talk about paying taxes and your fair share? they're a tax-exempt 501c5 organization. where is ed asner's rage about their escaping and evading their fair share of taxes? i don't hear it. also, let's have a balance. if they're going to show this in the california classrooms, how about an eight-minute video narrated by clint eastwood or my favorite right thinking actor adam baldwin that exposes the truth about occupy and the teachers alliance? they have to make up this urinating...
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Dec 2, 2012
12/12
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we get taxes, will be cut. no, taxes will go up. spend willing be cut. everyone wants, almost everybody wants spending to be cut. what do you think will happen? >> let's look at wall street. what might happen to the 401(k)s or the stocks. last week, boehner said nothing is happening and stocks would plummet. somebody else would say something going on behind the scenes and stocks go up. this is tremendous volatility. this time of year we get santa claus rally, the stocks will rally until the end of the year. but if the taxes go on, on capital gains and dividends, people will start to sell now to have the better, more preferential tax treatment than afterwards. we may see selling in first of the year. >> eric: long-term, think long-term. once we get past that. what will the effect be? what if taxes on dividends go up? >> this is incredible disincentive. especially on the capital gains. to take the risk of investing. when you say long-term, long-term, if you don't need the money you invest in stock market. if you need it in the next five years don't go near
we get taxes, will be cut. no, taxes will go up. spend willing be cut. everyone wants, almost everybody wants spending to be cut. what do you think will happen? >> let's look at wall street. what might happen to the 401(k)s or the stocks. last week, boehner said nothing is happening and stocks would plummet. somebody else would say something going on behind the scenes and stocks go up. this is tremendous volatility. this time of year we get santa claus rally, the stocks will rally until...
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Dec 5, 2012
12/12
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CNNW
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that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >> reporter: they are going to go home. they are not going to be in session on thursday or friday. i asked the speaker whether that is got optics for the house to leave town while the fiscal cliff is so close in front of us and that is the answer, that he will be in town, ready, willing, and able to talk to the president at any time. so that was really the issue. the house republican leadership, i tell you, they say they simply don't have any legislation to put on the floor. that's why they are play sending their members home. they are hoping to get the mess
that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >>...
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increases on those americans who are working and paying taxes to support them that's insane. you know the only thing really insane here is that nugent actually thinks people care what he gets and the very very ugly greg gutfeld gutfeld is one of the magical talking heads on fox news is the five on the show yesterday the group was talking about the job on belcher murder or suicide tragedy bob eckel boxes to open liberal broaden the discussion to gun violence in america as a whole. didn't like it especially didn't like it when back and suggested that thousands of kids are killed every year by gun violence and take a look. there were more kids killed in our country that our but i can't find a way but you sure give me a g.a.o. the five eighty five or seventy one what what do you think that's from what did you just say what it is what it is what a seventeen year old was killed by a gun would you call that bob that's called. by which one is that across the aisle that you know you get out you say that makes you proud that's ridiculous that's right in the back of a liberal a lot of c
increases on those americans who are working and paying taxes to support them that's insane. you know the only thing really insane here is that nugent actually thinks people care what he gets and the very very ugly greg gutfeld gutfeld is one of the magical talking heads on fox news is the five on the show yesterday the group was talking about the job on belcher murder or suicide tragedy bob eckel boxes to open liberal broaden the discussion to gun violence in america as a whole. didn't like it...
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bhoener came up with a tax revenue plan. he said let's cap deductions and loop holes and leave these alone because that hopes growth. and he got nothing. nothing from boobama and i thin that started the bad blood. >> they both have to learn the art of negotiation. >> i'm going to guarantoo you that the democrats are going to be split. >> i'm going to leave it there. nick, larry, thank you very much indeed. >> coming up next. kerry kennedy talks about. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. everything about the oral-b power brush is simply revolutionary. our unique brush head cleans in three directions with up to 50% more brush mo
bhoener came up with a tax revenue plan. he said let's cap deductions and loop holes and leave these alone because that hopes growth. and he got nothing. nothing from boobama and i thin that started the bad blood. >> they both have to learn the art of negotiation. >> i'm going to guarantoo you that the democrats are going to be split. >> i'm going to leave it there. nick, larry, thank you very much indeed. >> coming up next. kerry kennedy talks about. anne's tablet was...
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Dec 1, 2012
12/12
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instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code to close loopholes and lower tax rates. >> no, no, no. republicans are not getting the mitt romney tax proposal. time to move on speaker boehner. republicans are furious about the white house proposal. mitch mcconnell told the weekly standard he burst into laughter when he received the deal. the new second ranking republican in the senate john cornyn also disparaged the deal. >> that's a crazy idea. i'm amazed that secretary geithner had the courage to float that yesterday. hence the laughter from senator mcconnell. that's the kind of response it deserves. >> they are laughing in public, but they are panicking behind closed doors. conservative writer matt lewis, writer for "the daily caller", the notion that republicans have leverage is silly. it's the same kind of happy thinking that led to some boldly-predicting a romney victory. he said republicans are so screwed. this is why president obama is playing to his strengths. the president has never had a problem rallying the american people to h
instead of raising tax rates, we can produce a similar amount of revenue reforming the tax code to close loopholes and lower tax rates. >> no, no, no. republicans are not getting the mitt romney tax proposal. time to move on speaker boehner. republicans are furious about the white house proposal. mitch mcconnell told the weekly standard he burst into laughter when he received the deal. the new second ranking republican in the senate john cornyn also disparaged the deal. >> that's a...
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Dec 3, 2012
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and determined to raise taxes on the rich. it's one thing during the campaign he was specific and consistent on. it seems to me like they are even more upset about what they see his like of specificity on entitlements. let's play what we heard from his chief negotiator, tim geithner yesterday. >> we can't figure out what they need. they have to tell us. then we have to take a look at it and see if it makes sense for the american public. >> when will we see people putting something on the table or is that not going to happen until like the 30th, 31st of the month? >> well, what i would say is in the white house's initial offer they did offer $400 billion in medicare cuts. and that is something that i think the republicans should actually like as a starting point because clearly the white house knows that they are going to have to go up from there. and bob corker the senator from tennessee who was also on "meet the press" yesterday has proposed some legislation that instead cuts $641 million out of medicare. we'll see some scale
and determined to raise taxes on the rich. it's one thing during the campaign he was specific and consistent on. it seems to me like they are even more upset about what they see his like of specificity on entitlements. let's play what we heard from his chief negotiator, tim geithner yesterday. >> we can't figure out what they need. they have to tell us. then we have to take a look at it and see if it makes sense for the american public. >> when will we see people putting something...
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Dec 6, 2012
12/12
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if that means extending the bush tax cuts until both things happen, in other words, whatever tax increases take place take place, whatever expenditure reductions take place at the same time. i simply wouldn't trust the president with any kind of deal where you give him revenue increase now, and he gives you an expenditure reduction a year from now. i don't think you'll ever see the expenditure reduction and rush limbaugh's comment is absolutely correct. our country is in trouble because we're spending too much money, not because we're taxing too little. >> greta: mayor, i don't know if i could find one american, maybe i can, maybe there are a lot out there who think you can cut a deal now with the promise that something is going to be done down the road by the government. i don't know anyone who would ever believe such a promise. i don't expect that the republicans would accept that offer from the president. i just don't see that as ever happening in the city. let me ask you -- >> i'm sorry. republicans basically have to say our principles here are correct. our whole analysis of the econom
if that means extending the bush tax cuts until both things happen, in other words, whatever tax increases take place take place, whatever expenditure reductions take place at the same time. i simply wouldn't trust the president with any kind of deal where you give him revenue increase now, and he gives you an expenditure reduction a year from now. i don't think you'll ever see the expenditure reduction and rush limbaugh's comment is absolutely correct. our country is in trouble because we're...